Segment and Geographic Data

12 Months Ended

Dec. 29, 2012

Segment and Geographic Data

Segment and Geographic Data

Note 17. Segment and Geographic Data

We operate in, and report financial information for, the following five business segments: Cessna, Bell, Textron Systems, Industrial and Finance.  The accounting policies of the segments are the same as those described in Note 1.

Cessna products include Citation business jets, Caravan turboprops, single-engine piston aircraft, and aftermarket services sold to a diverse base of corporate and individual buyers.

Bell products include military and commercial helicopters, tiltrotor aircraft and related spare parts and services for U.S. and non-U.S. governments in the defense and aerospace industries and general aviation markets.

Textron Systems products include armored security vehicles, advanced marine craft, precision weapons, airborne and ground-based surveillance systems and services, Unmanned Aircraft Systems, training and simulation systems and countersniper devices, and intelligence and situational awareness software for U.S. and non-U.S. governments in the defense and aerospace industries and general aviation markets.

Industrial products and markets include the following:

· Kautex products include blow-molded plastic fuel systems, windshield and headlamp washer systems, selective catalytic reduction systems, engine camshafts and other parts that are marketed primarily to automobile original equipment manufacturers, as well as plastic bottles and containers for various uses;

· Greenlee products include powered equipment, electrical test and measurement instruments, hand and hydraulic powered tools, and electrical and fiber optic assemblies, principally used in the electrical construction and maintenance, plumbing, wiring, telecommunications and data communications industries; and

· E-Z-GO and Jacobsen products include golf cars; professional turf-maintenance equipment; and off-road, utility, light transportation and specialized turf-care vehicles that are marketed primarily to golf courses, resort communities, municipalities, sporting venues, and commercial and industrial users.

The Finance segment provides commercial loans and leases for new Cessna aircraft and Bell helicopters and, to a limited extent, for new E-Z-GO and Jacobsen equipment through our captive finance business.

Segment profit is an important measure used for evaluating performance and for decision-making purposes.  Segment profit for the manufacturing segments excludes interest expense, certain corporate expenses and special charges.  The measurement for the Finance segment excludes special charges and includes interest income and expense along with intercompany interest expense.  Provisions for losses on finance receivables involving the sale or lease of our products are recorded by the selling manufacturing division when our Finance group has recourse to the Manufacturing group.

Our revenues by segment, along with a reconciliation of segment profit (loss) to income from continuing operations before income taxes, are as follows:

	Revenues						Segment Profit (Loss)
(In millions)	2012		2011		2010		2012			2011			2010
Cessna	$	3,111	$	2,990	$	2,563	$	82		$	60		$	(29	)
Bell	4,274		3,525		3,241		639			521			427
Textron Systems	1,737		1,872		1,979		132			141			230
Industrial	2,900		2,785		2,524		215			202			162
Finance	215		103		218		64			(333		)	(237		)
Total	$	12,237	$	11,275	$	10,525	$	1,132		$	591		$	553
Special charges							—			—			(190		)
Corporate expenses and other, net							(148		)	(114		)	(137		)
Interest expense, net for Manufacturing group							(143		)	(140		)	(140		)
Income from continuing operations before income taxes							$	841		$	337		$	86

Revenues by major product type are summarized below:

	Revenues
(In millions)	2012		2011		2010
Rotor aircraft	$	4,274	$	3,525	$	3,241
Fixed-wing aircraft	3,111		2,990		2,563
Unmanned aircraft systems, armored security vehicles, precision weapons and other	1,737		1,872		1,979
Fuel systems and functional components	1,842		1,823		1,640
Powered tools, testing and measurement equipment	398		402		330
Golf, turf-care, and light transportation vehicles	660		560		554
Finance	215		103		218
Total	$	12,237	$	11,275	$	10,525

Our revenues included sales to the U.S. Government of approximately $3.6 billion, $3.5 billion and $3.6 billion in 2012, 2011 and 2010, respectively, primarily in the Bell and Textron Systems segments.

Other information by segment is provided below:

	Assets				Capital Expenditures						Depreciation and Amortization
(In millions)	December 29, 2012		December 31, 2011		2012		2011		2010		2012		2011		2010
Cessna	$	2,224	$	2,078	$	93	$	101	$	47	$	102	$	109	$	106
Bell	2,399		2,247		172		184		123		102		95		92
Textron Systems	1,987		1,948		108		37		41		75		85		81
Industrial	1,755		1,664		97		94		51		70		72		72
Finance	2,322		3,213		—		—		—		25		32		31
Corporate	2,346		2,465		10		7		8		9		10		11
Total	$	13,033	$	13,615	$	480	$	423	$	270	$	383	$	403	$	393

Geographic Data

Presented below is selected financial information of our continuing operations by geographic area:

	Revenues*						Property, Plant and Equipment, net**
(In millions)	2012		2011		2010		December 29, 2012		December 31, 2011
United States	$	7,586	$	7,138	$	6,688	$	1,644	$	1,557
Europe	1,655		1,577		1,448		275		236
Canada	447		289		347		106		100
Latin America and Mexico	893		820		815		43		36
Asia and Australia	1,264		1,032		776		82		76
Middle East and Africa	392		419		451		—		—
Total	$	12,237	$	11,275	$	10,525	$	2,150	$	2,005

* Revenues are attributed to countries based on the location of the customer.

** Property, plant and equipment, net are based on the location of the asset.